Common use of Assignment of Marathon’s Marathon Call Right and Special Termination Right Clause in Contracts

Assignment of Marathon’s Marathon Call Right and Special Termination Right. In the event of an assignment by Marathon of its rights and obligations under this Agreement to a third party pursuant to this Section 15.01, Marathon’s rights and obligations related to its Marathon Call Right and its Special Termination Right shall also be assigned to such third party; provided, that such third party shall not be permitted to exercise the Marathon Call Right until the third anniversary of the date of such assignment.

Appears in 3 contracts

Samples: Standstill Agreement (Marathon Oil Corp), Standstill Agreement (Marathon Oil Corp), Standstill Agreement (Ashland Inc)

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Assignment of Marathon’s Marathon Call Right and Special Termination Right. In the event of an assignment by Marathon of its rights and obligations under this Agreement to a third party pursuant to this Section 15.01, Marathon’s 's rights and obligations related to its Marathon Call Right and its Special Termination Right shall also be assigned to such third party; provided, that such third party shall not be permitted to exercise the Marathon Call Right until the third anniversary of the date of such assignment.

Appears in 2 contracts

Samples: Ashland Inc, Ashland Inc

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